Sydney startup Bound created the Looplock device just two years ago. This is what the founders of the reusable roll-top bag seal went through to bring it to market. Long before accepting an award on stage in Essen, Germany, Ryan Burke and Luke Hamilton were cleaning spilled flour, coffee grinds, and pasta out of the […]
It is true that AI has made creating a software startup easier, but data from Cut Through Venture indicates getting funding may be another story.
Opinion: Australian startups turn modest venture capital funding into global companies more efficiently than anywhere on earth. The reasons are in the dirt and distance, argues partner at Side Stage Ventures, Elli Hanson
Copyright law has become the central flashpoint of Australia’s AI and data centre policy. Sharon AI chief executive James Manning says no changes are needed.
Brandon Capital led cancer therapeutics startup Myricx Bio’s $8.5m seed round in 2019. Now Novartis is buying it for up to $2.16 billion. One of Australia’s longest tenured VC firms will soon enjoy its best ever return on a single investment following Novartis’ US$1.1 billion ($1.58 billion) acquisition of London biotech startup Myricx Bio. Melbourne-headquartered […]
After forging deals with Lululemon and LSKD for its recycled fabrics, Samsara Eco is looking to develop a means of extracting and reusing rare earth metals.
The board of Sydney-headquartered IREN approved a four-year stock compensation package for co-CEOs Dan and Will Roberts currently worth over $570 million each. The board of Sydney-headquartered, New York-listed IREN has approved an equity package for co-founders Will and Daniel Roberts valued at US$788 million ($1.14 billion) based on its stock price today. Each brother […]
A new crop of founders is sprouting in Australia, working to innovate solutions for healthcare, space, energy independence, and our natural resources sectors.
Emesent, a drone tech startup spun out of CSIRO, has raised $25 million in a round that includes NGS Super, Hostplus, Main Sequence and the NRF. CSIRO-spinout Emesent has raised $25 million in fresh funding, including $10 million in venture debt from the National Reconstruction Fund, as it aims to jump further into the exploding […]
Employers will be required to pay superannuation monthly as of tomorrow rather than the existing quarterly scheme as the Government attempts to crack down on unpaid super.